Chapter CDXXIII. to authorize the Sale of certain public Property
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CHAP. CDXXIII.— An Act to authorize the Sale of certain public Property.June 10, 1872.[Amended. 1873, ch. 298. *Post*, p. 615.] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the Secretary of War be, and he is hereby, authorized and directed to sell, in whole or in such sub-divisionsSecretary of War to sell to highest bidder the following arsenals:Rome,Champlain,North Carolina,Mount Vernon,Apalachicola,and certain captured lands, &c., in Louisiana, Texas, and Georgia. as shall, in his opinion, secure the greatest amount of money, either by public auction or by inviting proposals for the purchase thereof, and in either case to the highest bidder, all the lands and tenements belonging to the United States, at Rome, New York;
Vergennes, Vermont; Fayetteville, North Carolina; Mount Vernon, Alabama; and Chattahoochee, Florida, now or heretofore used for arsenal purposes, and known, respectively, as Rome arsenal, Champlain arsenal, North Carolina arsenal, Mount Vernon arsenal, and Apalachicola arsenal; also the captured lands and tenements belonging to the United States at Shreveport, Louisiana; Marshall and Jefferson, Texas; and in Marion and Davis counties, Texas; and a tract of forty acres of land, more or less, situated about two and one-half miles from the present United States arsenal at Augusta, Georgia, which comprises the site of the old United States arsenal and any adjoining land purchased by the so-called “confederate States,” which fell to the United States as captured property, and which has not hitherto been sold, and all the material and buildings of the powder-works erected by the so-called “confederate” government thereon: *Provided,* That no sale shall be made under this act until the time, terms,Notice to be first given by advertisement, &c. place, and mode thereof shall have been published in one of the principal newspapers in the city of Washington, in two of the principal papers printed at the capital of the State, and one paper printed in the county in which the arsenal or lands to be sold are situated, for the space of sixty days prior to the sale.
If no newspaper is printed in the county where the property to be sold is situated, then the notice shall be published in a newspaper printed in any adjoining county. Sec. 2. That the terms of payment for the property above directed toTerms of payment. be sold shall be in all cases not less than one-fourth cash and the remainder on a credit of one, two, and three years, with interest at six per centum per annum, secured by land and surety from the purchaser or purchasers; and the Secretary of War is empowered and required, onDeeds to be executed. receiving the purchase-money in full, to execute all necessary deeds of said property to the purchaser or purchasers thereof on behalf of the United States.
Sec. 3. That the proceeds of said sales, after paying the necessary expensesProceeds of sales after, &c. thereof, shall, upon receipt of the same, be paid by the Secretary of War into the Treasury. Approved, June 10, 1872.